Post
Topic
Board Altcoin Discussion
12 essential trading rules, based on our own experience
by
Bit talk
on 22/06/2018, 15:32:39 UTC
12 essential trading rules, based on our own experience


>>>Before buying any asset always answer to the question: “Why do I want to invest in this coin?”

>>>The market is cyclical. There is always the correction following the growth and the growth following the correction. The growth never lasts forever!

>>>Always use stop losses. If you can’t set it because of take-profit order, enable notifications to stay informed about changes of the rates. If the price fell down to the minimal level you can afford – sell it with no hesitating.

>>>Don’t be afraid of making mistakes, but avoid making the same mistake twice.

>>>Don’t buy on peak. The drastic surge of the rate doesn’t mean, that the growth will continue.

>>>Don’t allow your emotions to overtake you. Successful trading is always based on cold premeditation, risk management and careful analytics. For the adrenaline you can go to casino.

>>>Search for your own trading strategies. Learn on your gains and mistakes, track your actions with the help of trading journal.

>>> Trade on different exchanges. Don’t keep all of your assets in one place!

>>>Be extremely careful with private keys. Pay attention to phishing web-sites and malware. 

>>>Never count the profit you’ve missed. It’s better to fix small gains, than to lose everything because of the greed.

>>>Hold minimum 30% of your assets in bitcoin.

>>>Don’t trade when you are tired or emotionally down.